Mark Levy BluEnergy secures energy trading licence

Blu Label Unlimited co chief executive Mark Levy has secured a multi year energy trading licence for group subsidiary BluEnergy, marking a significant step into South Africa liberalising power market.

The National Energy Regulator of South Africa gave BluEnergy a license that lets them buy and sell electricity directly. The permission lets the company collaborate with municipalities, independent power producers, and significant energy users all along the energy value chain.

The regulatory clearance comes at a time when South Africa is encouraging greater private sector participation in electricity generation and trading to strengthen energy security and accelerate the transition toward renewable power.

BluEnergy chief executive Aaron Suckerman described the licence as a critical enabler of the company strategy. He said it allows the business to structure long term power purchase agreements while integrating prepaid revenue collection systems designed to support municipal energy delivery.

BluEnergy operational framework is backed by its partnership with Cigicell, a provider of prepaid electricity vending and revenue assurance systems active in more than 95 municipalities across nine provinces. The company said this infrastructure strengthens its ability to manage revenue flows and settlement risk.

The group operates through three core entities covering project development, asset ownership, operations and maintenance, as well as energy procurement and trading. Management said the integrated structure enables BluEnergy to oversee both the technical and commercial components of power delivery, including grid integration and wheeling arrangements.

Levy, who leads Blu Label broader energy strategy, said the licence reflects the group long term commitment to infrastructure driven growth. He described energy access as fundamental to economic expansion and social development.

He added that BluEnergy ability to act as both offtaker and trader, supported by Blu Label balance sheet strength and fintech capabilities, places the business in a strong position to scale sustainable energy solutions.

With the regulatory milestone secured, BluEnergy plans to expand its project pipeline and operationalise trading activities in line with South Africa broader energy reform agenda. The company said it aims to contribute to a more decentralised and resilient electricity system as the country continues its transition toward cleaner power sources.